Divestment means Fonterra can focus on its strengths
OPINION: Fonterra's board has certainly presented us, as shareholders, with a major issue to consider.
Former Fonterra chief executive Theo Spierings passed away in the Netherlands over the weekend.
A statement issued by The Purpose Factory, a Dutch-based foundation and consultancy focused on global sustainable development goals and business transformation and innovation, says Spierings died “unexpectedly” after a brief illness.
Spierings was a co-founder and chairman of The Purpose Factory.
The statement says Spierings had more than 30 years’ experience in the dairy industry – including leading Fonterra for nearly seven years. He became Fonterra CEO in 2011, replacing Andrew Ferrier and beating internal candidates for the job.
He previously led Dutch dairy cooperative Royal Friesland Foods in its 2008 merger with Campina.
Prior to his departure from Fonterra, Spierings caused controversy when it was revealed he was one of the highest-paid executives in the country, pulling in $8.32m in 2017.
The Purpose Factory statement says his legacy, and the impact he had on those he worked with and who knew him, will be remembered fondly.
“At this difficult time, Theo’s family has requested privacy. They appreciate the outpouring of love and support from around the world during this sad time. A private memorial service will be held in the Netherlands.”
A day after the ouster of PGG Wrightson’s chair and his deputy, the listed rural trader’s board has appointed John Nichol as the new independent chair.
Tributes are pouring in from across the political divide for former Prime Minister Jim Bolger who passed away, aged 90.
The iconic services building at National Fieldays' Mystery Creek site will be demolished to make way for a "contemporary replacement that better serves the needs of both the community and event organisers," says board chair Jenni Vernon.
Agri advisor Perrin Ag says its graduate recruitment programme continues to bring new talent into the agricultural sector.
Entries are open for the 2026 New Zealand Dairy Industry Awards (NZDIA).
As New Zealand marks International Day of Rural Women today, women from across the horticulture sector are calling attention to the crucial role they play in building a more sustainable, inclusive and climate-resilient industry.
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